How To Fix FGL_PRE_CHECK017 - Currency types for FI and CO do not exist (Valuation Area &1)

FGL_PRE_CHECK017 - Overview

• Message type: E = Error

• Message class: FGL_PRE_CHECK - Pre Transition Check FI-GL

• Message number: 017

• Message text: Currency types for FI and CO do not exist (Valuation Area &1)

What causes this issue?

System could not determine currency and valuation types to be used by FI
and CO in valuation area &v1&.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FGL_PRE_CHECK017 - Details

• The SAP error message FGL_PRE_CHECK017 indicates that there is a problem with the currency types for Financial Accounting (FI) and Controlling (CO) in a specific valuation area. This error typically arises during the configuration or execution of financial processes, such as during the migration to a new system or when performing certain financial transactions.
  
  Cause:
  The error occurs when the system cannot find the required currency types for the specified valuation area. This can happen due to several reasons:
  
  Missing Configuration: The currency types for the valuation area have not been defined in the system.
  Incorrect Valuation Area: The valuation area specified in the error message may not be correctly set up or may not exist.
  Data Migration Issues: If you are migrating data from another system, the necessary currency type configurations may not have been transferred correctly.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to